Retirement plan

SALARIED EMPLOYEE PENSION PLAN FOR KAPL EMPLOYEES AND RETIREES

Name: FLUOR MARINE PROPULSION, LLC - SALARIED EMPLOYEE PENSION PLAN FOR KAPL EMPLOYEES AND RETIREES (2023) Form 5500
Creator: FLUOR MARINE PROPULSION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SALARIED EMPLOYEE PENSION PLAN FOR KAPL EMPLOYEES AND RETIREES, FLUOR MARINE PROPULSION, LLC

FLUOR MARINE PROPULSION, LLCEIN 82-4281125Plan #002PY 2023

814 PITTSBURGH MCKEESPORT BOULEVARD - WEST MIFFLIN, PA 151220079412-476-6444

Other plans on this EIN

2 filings

#001Retirement-$1.17B assets #003Retirement-$128.0M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$1056.8M

-15.9% from 2019

Total participants

3,305

+0.5% from 2019

Average account balance

No prior year

Annual return

12.05%

-30.23 pp from 2019

Benchmarks

See 79 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined benefit

Participants250-999

Cohort79 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.06B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$324K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,500

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+4.96%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
MERCER5 years Filed as: MERCER INVESTMENT LLC Service code 27 · EIN 30-0282430	Advisory (Plan)	$1,261,126
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INSTITUTIONAL ASSET MGMT T Service code 28 · EIN 20-2159373	Investment Management	$390,797
NORTHERN TRUST COMPANY6+ years Service code 21 · EIN 36-1561860	Bank Trustee	$115,558
BUCK GLOBAL, LLC6+ years Filed as: BUCK GLOBAL LLC Service code 11 · EIN 13-3954297	Actuarial	$92,284
CONDUENT HR CONSULTING, LLC3 years Filed as: CONDUENT HR SERVICES, LLC Service code 15 · EIN 04-3609848	Recordkeeping	$59,735
THE BANK OF NEW YORK MELLON3 years Filed as: BNY MELLON Service code 10 · EIN 13-5160382	Accounting	$35,418
SCHNEIDER DOWNS & CO., INC.6+ years Filed as: SCHNEIDER DOWNS & CO. INC. Service code 10 · EIN 25-1408703	Accounting	$24,500
STATE STREET GLOBAL ADVISORS4 years Filed as: STATE STREET GLOBAL ADVISORS TRUST Service code 19 · EIN 81-4017137	Securities Custodian	$23,839

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A3F3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$4.5M

$5294 / participant

Recordkeeping$60K1.3%
Trustee / custodial$92K2.1%
Investment mgmt$2M38.1%
Actuarial$92K2.1%
Other / not subdivided$3M56.5%

% of EOY assets

0.422%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHNEIDER DOWNS & CO., INC.
Auditor EIN: 251408703
Audit fees: $24,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,299,877-100.0%

$306,246-100.0%

$3,299,877-100.0%

Participation rate

0.0%

0.0%0pp

62.9%-62.9pp

2.3%-2.3pp

Annual return

12.05%

11.98%+0.1pp

35.16%-23.1pp

37.77%-25.7pp

Employer contribution / active EE

$23,725

$57,753-58.9%

$46,401-48.9%

$15,798+50.2%

Participant deferral / active EE

$1,774-100.0%

$72-100.0%

$732-100.0%

Admin fee / account holder

$9,287-100.0%

$4,448-100.0%

$9,287-100.0%

Provider

Service type

Compensation

MERCER5 years

Filed as: MERCER INVESTMENT LLC

Service code 27 · EIN 30-0282430

Advisory (Plan)

$1,261,126

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INSTITUTIONAL ASSET MGMT T

Service code 28 · EIN 20-2159373

Investment Management

$390,797

NORTHERN TRUST COMPANY6+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$115,558

BUCK GLOBAL, LLC6+ years

Filed as: BUCK GLOBAL LLC

Service code 11 · EIN 13-3954297

Actuarial

$92,284

CONDUENT HR CONSULTING, LLC3 years

Filed as: CONDUENT HR SERVICES, LLC

Service code 15 · EIN 04-3609848

Recordkeeping

$59,735

THE BANK OF NEW YORK MELLON3 years

Filed as: BNY MELLON

Service code 10 · EIN 13-5160382

Accounting

$35,418

SCHNEIDER DOWNS & CO., INC.6+ years

Filed as: SCHNEIDER DOWNS & CO. INC.

Service code 10 · EIN 25-1408703

Accounting

$24,500

STATE STREET GLOBAL ADVISORS4 years

Filed as: STATE STREET GLOBAL ADVISORS TRUST

Service code 19 · EIN 81-4017137

Securities Custodian

$23,839

SALARIED EMPLOYEE PENSION PLAN FOR KAPL EMPLOYEES AND RETIREES

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALARIED EMPLOYEE PENSION PLAN FOR KAPL EMPLOYEES AND RETIREES

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion